Price Reduced 14.40%
Listing courtesy of Joe Leddy, Duston Leddy Real Estate Cell: 603-494-6864
Price History
$3,499,000
8/28/2024
$2,995,000
9/11/2024
423 Court Street, Portsmouth, NH, 03801
15 rooms
6 beds
1814
Antique, Apartment Building
4,241 sqft
Being sold with 19 Atkinson (mls 5011661). Take this opportunity to invest in 2 multifamily buildings in one of Portsmouth’s best locations. These strategically positioned properties offer compelling investment prospects, with strong rental histories and potential for growth. *Atkinson Street Building*: This well-maintained property features three one-bedroom units, each with a solid rental track record, offering immediate income potential. *Court Street Building*: This property includes 6 units, with two currently vacant, presenting a prime opportunity for value enhancement. A coin-operated laundry serves both buildings, adding convenience and value for tenants. Both buildings share four parking spots, currently assigned to existing tenants based on seniority, with future flexibility for reallocation. Investing in Portsmouth means capitalizing on a thriving real estate market that combines immediate rental income with significant potential for future appreciation. The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these properties are well-positioned for continued success. Enhancing the vacant units and adjusting rental rates offers an opportunity to maximize returns and further capitalize on Portsmouth’s growth. Don’t miss out on this prime investment opportunity in Portsmouth’s dynamic real estate market. Schedule a showing and discover how these multifamily buildings can become valuable assets in your investment portfolio.
Status:
Active
Type:
Multi-family
Units:
6
Zoning:
CD4-L1
Heating:
Hot Water
Cooling:
None
Basement:
Unfinished
Parking:
Driveway, Parking Spaces 4
Acreage:
0.07
Est. Taxes:
$13,846
Lot Description:
City Lot
Elementary School:
Little Harbor School
Middle School:
Portsmouth Middle School
High School:
Portsmouth High School
School District:
Portsmouth
MLS #:
5011667